Futureverse, a prominent player in AI and metaverse technologies, has recently joined forces with Animoca Brands, a trailblazer in digital property rights and blockchain-based entertainment. This groundbreaking collaboration is poised to revolutionize the metaverse landscape by leveraging Animoca Brands’ vast ecosystem of blockchain products with Futureverse’s advanced technology stack.
As part of this strategic partnership, the two companies have agreed to conduct an equity swap valued at $5 million. Through a Memorandum of Understanding (MoU), Animoca Brands will subscribe to Futureverse shares, valuing the company at a whopping $754 million. In return, Futureverse will acquire shares in Animoca Brands Corporation Limited, solidifying their mutual commitment to drive innovation in the metaverse space.
Enhancing the Token Ecosystem
The alliance between Futureverse and Animoca Brands is set to bolster the Futureverse token ecosystem, encompassing The Root Network’s ROOT token, the ASTO token for Futureverse’s AI protocol, and the SYLO token for communication and social graph protocols. By integrating Futureverse’s AI and metaverse tools with Animoca Brands’ extensive portfolio of over 400 Web3 projects, the collaboration aims to redefine the possibilities of the metaverse.
Futureverse’s tech stack boasts cutting-edge solutions such as Pass, a digital passport for identity management; DOT (Dynamic Object Transfer), a tool for creating digital collectibles; and the Swappables and Wearables Engine for composable digital assets. Moreover, Futureverse is spearheading the development of generative AI with DOC (Dynamic Object Creator) and JEN, a text-to-music generation platform, pushing the boundaries of innovation in the metaverse realm.
The integration of Futureverse’s user-friendly Layer 1 blockchain, The Root Network, with Animoca Brands’ ecosystem is poised to accelerate the growth and adoption of Web3 technologies. Yat Siu, executive chairman and co-founder of Animoca Brands, expressed his enthusiasm for the partnership, highlighting the potential to enhance their portfolio of Web3 investments and leverage Futureverse’s advanced technology stack for mutual growth.
Envisioning a Future of Possibilities
Futureverse has already showcased its innovative prowess through projects like Reebok Impact, an AI-driven fashion experience on Instagram, and The Readyverse in partnership with Warner Bros. Discovery. These initiatives demonstrate Futureverse’s commitment to pushing boundaries and reimagining the possibilities of the metaverse. The collaboration will also entail close cooperation with Mocaverse, Animoca Brands’ growth network, to drive interoperability across the Moca Network.
Aaron McDonald, co-founder of Futureverse, hailed the collaboration as a game-changer in the Web3 gaming landscape, emphasizing the opportunity to leverage Animoca Brands’ expertise and reach to supercharge Futureverse’s world-leading AI and Web3 gaming technology. The partnership between Futureverse and Animoca Brands holds the promise of shaping the future of the metaverse and driving innovation to unprecedented heights.